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Senators and Biden Aides Struggle to Save Bipartisan Infrastructure Deal

WASHINGTON — Congressional negotiators and the Biden administration tried on Monday to salvage a nearly $600 billion bipartisan agreement to invest in roads, water pipes…

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Rob Portman Says Republicans Should Work With Biden on Infrastructure

If you take roughly the same number of years, roughly the same types of proposals he wanted, he would want to spend about twice as…

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States and Cities Scramble to Spend $350 Billion Stimulus

WASHINGTON — When Steve Adler, the mayor of Austin, heard the Biden administration planned to give billions of dollars to states and localities in the…

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U.S. Deficit Expected to Hit $3 Trillion in 2021, Budget Office Says

WASHINGTON — The U.S. economy is rebounding from the pandemic downturn faster than expected and is on track to regain all the jobs lost during…

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Fed Unity Cracks as Inflation Rises and Officials Debate Future

Federal Reserve officials spoke with one voice throughout the pandemic downturn, promising that monetary policy would be set to full-stimulus mode until the crisis was…

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How Two Start-ups Made a Fortune in Fees on P.P.P. Loans

Also in late February, Blueacorn and Womply got an unexpected tailwind from a major rule change by the Small Business Administration, which oversaw the loan…

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California Plans Rent Forgiveness Using Federal Stimulus Surplus

Worried that the pandemic would exacerbate what is already the state’s most pressing issue, California responded aggressively, passing one of the nation’s strictest eviction moratoriums…

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The Pandemic Stimulus Was Front-Loaded. That Could Mean a Bumpy Year.

The U.S. economy is about to face a new challenge that has its roots in the arithmetic of growth: That which fiscal stimulus giveth, fiscal…

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